Standard Life Aberdeen plc lowered its holdings in Intel (NASDAQ:INTC) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,191,305 shares of the chip maker’s stock after selling 285,742 shares during the period. Standard Life Aberdeen plc owned about 0.09% of Intel worth $193,471,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. OppenheimerFunds Inc. grew its position in Intel by 12.9% in the fourth quarter. OppenheimerFunds Inc. now owns 1,018,717 shares of the chip maker’s stock valued at $47,024,000 after purchasing an additional 116,496 shares in the last quarter. Brown Advisory Inc. grew its position in Intel by 3.3% in the fourth quarter. Brown Advisory Inc. now owns 694,109 shares of the chip maker’s stock valued at $32,040,000 after purchasing an additional 22,320 shares in the last quarter. Mutual Advisors LLC bought a new position in Intel in the fourth quarter valued at $2,871,000. AlphaStar Capital Management LLC bought a new position in Intel in the fourth quarter valued at $441,000. Finally, State of Tennessee Treasury Department grew its position in Intel by 57.2% in the fourth quarter. State of Tennessee Treasury Department now owns 2,807,388 shares of the chip maker’s stock valued at $129,590,000 after purchasing an additional 1,021,991 shares in the last quarter. 67.02% of the stock is owned by institutional investors and hedge funds.
INTC has been the subject of a number of analyst reports. MKM Partners raised their target price on shares of Intel to $55.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Roth Capital reaffirmed a “buy” rating and issued a $57.00 target price (up previously from $50.00) on shares of Intel in a research report on Friday, January 26th. Deutsche Bank reaffirmed a “buy” rating and issued a $55.00 target price on shares of Intel in a research report on Friday, January 26th. B. Riley reaffirmed a “buy” rating and issued a $55.00 target price on shares of Intel in a research report on Friday, January 26th. Finally, Nomura reissued a “buy” rating and issued a $50.00 price objective on shares of Intel in a research report on Friday, January 26th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $55.43.
Shares of Intel opened at $55.44 on Friday, Marketbeat reports. Intel has a twelve month low of $33.23 and a twelve month high of $55.79. The company has a quick ratio of 1.23, a current ratio of 1.58 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $256.14 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.69 and a beta of 0.94.
Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 26th. The chip maker reported $0.87 EPS for the quarter, beating the consensus estimate of $0.72 by $0.15. The company had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.08 billion. Intel had a net margin of 17.32% and a return on equity of 25.41%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. equities research analysts expect that Intel will post 3.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 7th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Friday, May 4th. Intel’s payout ratio is presently 34.68%.
In other news, EVP Navin Shenoy sold 8,967 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $48.67, for a total value of $436,423.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian M. Krzanich sold 74,456 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $48.67, for a total transaction of $3,623,773.52. The disclosure for this sale can be found here. Insiders sold a total of 96,615 shares of company stock valued at $4,753,757 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.
Intel Company Profile
Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.
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